Astec Industries, Inc. (ASTE)
NASDAQ: ASTE · IEX Real-Time Price · USD
43.53
+0.06 (0.14%)
Mar 28, 2024, 1:22 PM EDT - Market open

Astec Industries Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Astec Industries stock have an average target of 46, with a low estimate of 42 and a high estimate of 50. The average target predicts an increase of 5.67% from the current stock price of 43.53.

Analyst Consensus: Buy
Target Low Average Median High
Price $42 $46 $50 $50
Change -3.51% +5.67% +14.86% +14.86%
* Price targets were last updated on Dec 19, 2023.

Analyst Ratings

The average analyst rating for ASTE stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 001111
Buy 000000
Hold 111111
Sell 000000
Strong Sell 000000
Total 112222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Stifel
Stifel
Strong Buy
Maintains
$41$42
Strong Buy Maintains $41$42 -3.51% Dec 19, 2023
Baird
Baird
Hold
Maintains
$45$50
Hold Maintains $45$50 +14.86% Aug 3, 2023
Baird
Baird
Hold
Downgrades
$40
Hold Downgrades $40 -8.11% Apr 8, 2022
Stifel
Stifel
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a May 6, 2021
Baird
Baird
Buy
Upgrades
n/a
Buy Upgrades n/a n/a Apr 1, 2020
More Analyst Ratings

Financial Forecast

Revenue This Year
1.37B
from 1.34B
Increased by 2.38%
Revenue Next Year
1.40B
from 1.37B
Increased by 2.48%
EPS This Year
2.80
from 1.47
Increased by 90.35%
EPS Next Year
3.16
from 2.80
Increased by 12.91%
Year 2019202020212022202320242025
Revenue
1.17B1.02B1.10B1.27B1.34B1.37B1.40B
Revenue Growth
-0.17%-12.41%6.94%16.34%5.00%2.38%2.48%
EPS
0.982.010.69-1.472.803.16
EPS Growth
-105.10%-65.67%--90.35%12.91%
No. Analysts -----66
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 1.4B 1.5B
Avg 1.4B 1.4B
Low 1.3B 1.3B

Revenue Growth

Revenue Growth 20242025
High
7.2%
7.7%
Avg
2.4%
2.5%
Low
-4.2%
-3.8%

EPS Forecast

EPS 20242025
High 3.09 3.27
Avg 2.80 3.16
Low 2.53 3.01

EPS Growth

EPS Growth 20242025
High
110.2%
16.7%
Avg
90.3%
12.9%
Low
72.0%
7.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.